Cars.com Inc. (NYSE:CARS - Get Free Report) shares hit a new 52-week low during trading on Thursday . The stock traded as low as $11.63 and last traded at $11.71, with a volume of 42341 shares traded. The stock had previously closed at $11.95.
Analysts Set New Price Targets
A number of research firms have recently weighed in on CARS. Barrington Research reiterated an "outperform" rating and issued a $25.00 price target on shares of Cars.com in a research report on Tuesday, March 4th. JPMorgan Chase & Co. dropped their price objective on Cars.com from $21.00 to $17.00 and set a "neutral" rating for the company in a report on Friday, February 28th. Finally, DA Davidson reduced their target price on Cars.com from $21.00 to $14.50 and set a "buy" rating on the stock in a report on Friday, February 28th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Cars.com has an average rating of "Moderate Buy" and an average price target of $20.50.
Get Our Latest Stock Analysis on Cars.com
Cars.com Price Performance
The firm has a market capitalization of $720.45 million, a P/E ratio of 19.46 and a beta of 2.16. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.93. The business's 50 day moving average is $16.60 and its 200-day moving average is $17.20.
Institutional Trading of Cars.com
Several institutional investors and hedge funds have recently modified their holdings of the business. Pacer Advisors Inc. lifted its holdings in shares of Cars.com by 62,357.6% in the third quarter. Pacer Advisors Inc. now owns 2,493,932 shares of the company's stock worth $41,798,000 after acquiring an additional 2,489,939 shares during the last quarter. Boston Partners lifted its stake in Cars.com by 26.0% in the 4th quarter. Boston Partners now owns 3,178,426 shares of the company's stock valued at $55,021,000 after purchasing an additional 655,518 shares during the last quarter. SG Capital Management LLC acquired a new stake in Cars.com in the fourth quarter valued at approximately $10,908,000. Arrowstreet Capital Limited Partnership grew its stake in shares of Cars.com by 609.2% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 442,889 shares of the company's stock worth $7,675,000 after buying an additional 380,439 shares during the last quarter. Finally, Intrinsic Edge Capital Management LLC acquired a new position in shares of Cars.com during the fourth quarter worth $4,460,000. 89.15% of the stock is currently owned by institutional investors.
About Cars.com
(
Get Free Report)
Cars.com Inc, through its subsidiaries, operates as a digital automotive marketplace that connects local car dealers to consumers in the United States. The company offers a suite of digital solutions that creates connections between individuals researching cars or looking to purchase a car with car dealerships and automotive original equipment manufacturers.
Further Reading
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